Tomber Decorating uses a job order coststem to collect the cost of its interior decorating business Each cient's consultation is treated as a separate job Overhead is applied to achjob based on the umber of decorator hours incurred Listed below are data for the current year Estimated overhead $950.000 Actual overhead $982.500 Estimated decorator hours 40.000 Actual decorator hours 40.100 The company uses Operating Overhead in place of Manufacturing Overhead and it uses Service Contracts in Process in place of Work in Process (a) Your answer is correct Compute the predetermined overhead rate Predetermined overhead rate 5 24 per decorator hour eTextbook and Media Ust of Accounts Attempts: 1 of 3 used Using multiple attempts wimpact your score 596 score reduction ser atempt2 (b) Prepare the entry to apply the overhead for the year account indent man end when amount Dont Account Titles and Explanation Debit Credit